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October 9, 2026

Long-term mortgage rate at highest level in nearly 3 years

By ALEX VEIGA
AP Business Writer

Mortgage rates marched higher for the seventh week in a row, driving the average long-term U.S. home loan rate to its highest level in nearly three years.

The benchmark 30-year fixed-rate mortgage climbed to 7.40% from 7.28% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the average rate was 6.30%.


 
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